Question: All else equal, the loan offer that should be accepted is the one: Multiple Choice With the most frequent compounding period. With the lowest annual

All else equal, the loan offer that should be accepted is the one: Multiple Choice With the most frequent compounding period. With the lowest annual percentage rate. With the least frequent compounding period. With the lowest effective annual rate. With the lowest stated interest rate. Which one of the following is correct regarding the APR? Multiple Choice The APR formula for rate disclosure is [1 + (r/m)]M-1. The APR is the rate which lenders are required to disclose. The APR considers all the effects of compounding. The APR is greater than the effective annual rate. The APR is best used to compare offers from various lenders. Which of the following rates has not been adjusted for inflation? Multiple Choice Real. Nominal. Prime. Actual. Basic

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